Bitcoin’s Bear Market Is Over, Galaxy Research Says: 'Now Is an Attractive Time to Buy'

Galaxy Research has declared an end to Bitcoin's bear market, stating that June marked a significant turning point. Their analysis points to several key indicators, including Bitcoin successfully reclaiming its 50-week moving average. This technical achievement, coupled with observations of diminishing selling pressure in the market, suggests a fundamental shift in market dynamics. Furthermore, the firm highlights a strengthening 'debasement case,' implying that macro-economic conditions and ongoing currency debasement continue to bolster Bitcoin's long-term value proposition as a hedge. According to Galaxy Research, these combined factors make the current period an attractive time for potential buyers to consider entering the market.